The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Immofinanz AG's Cash Ratio for the quarter that ended in Dec. 2023 was 0.97.
Immofinanz AG has a Cash Ratio of 0.97. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for Immofinanz AG's Cash Ratio or its related term are showing as below:
FRA:IMO1'
s Cash Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.7 Max: 3.39
Current: 0.97
During the past 13 years, Immofinanz AG's highest Cash Ratio was 3.39. The lowest was 0.18. And the median was 0.70.
FRA:IMO1's Cash Ratio is ranked better than 75.25% of 1774
companies
in the Real Estate industry
Industry Median: 0.33
vs FRA:IMO1: 0.97
Immofinanz AG Cash Ratio Historical Data
The historical data trend for Immofinanz AG's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Immofinanz AG's Cash Ratio
For the Real Estate - Diversified subindustry, Immofinanz AG's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Immofinanz AG's Cash Ratio Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Immofinanz AG's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Immofinanz AG's Cash Ratio falls into.
Immofinanz AG Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Immofinanz AG's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Immofinanz AG (FRA:IMO1) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Immofinanz AG Cash Ratio Related Terms
Thank you for viewing the detailed overview of Immofinanz AG's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Immofinanz AG is a real estate investment and development company in Europe. The company invests in commercial real estate in Western and Eastern Europe. Approximately one-third of the company's investment portfolio is in Austria with Poland closely behind. In addition to professional property management, the company develops shopping centers under the brands 'VIVO!' and 'STOP SHOP.' The company's shopping center brand, 'VIVO!' focuses on single-story mall complexes that offer parking and recreational activities. Nearly half of the company's investment portfolio consists of VIVO locations. STOP SHOP is the company's retail parks brand. The parks are set up like outlet malls and focus on providing discount retail options for consumers.
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